Luxury Explorers’ Collection, a market leader in luxury vacation homes in the region, is expanding its rental portfolio as part of its new growth momentum, in light of a more optimistic outlook indicating the re-emergence of the global pandemic industry.
According to the latest report from the World Travel and Tourism Council (WTTC), travel and tourism in the Middle East is expected to grow 27.1% this year, slightly below the global average of 30.7%. The projected growth rate is higher than that of other major tourism regions, such as Europe and Latin America, and represents an annual increase of US $ 36 billion for the region’s economy. WTTC research also reveals that the Middle East region could experience a similar year-over-year increase of 28.1% in 2022, which is a further increase of $ 47 billion.
Boasting the most opulent properties in prime locations in the UAE, Luxury Explorers’ Collection has placed increasing real estate investment at the heart of its growth plan. In addition, the company is fully focused on improving its competitive advantage strategy, which combines stylish accommodation, high-end amenities and tailor-made concierge services.
“Luxury Explorers’ Collection is strongly positioned and through increased investment we are taking swift action to ensure we are playing a leadership role and seizing opportunities in the new travel landscape while building our resilience for the future, ”Mohammed Sultan, CEO for Luxury Explorers’ Collection, said.
Among its upcoming developments, Luxury Explorers’ Collection is gearing up for the highly anticipated launch of an ultra-luxurious penthouse in the heart of Dubai Marina. Spread across the entire top floor of the iconic Cayan Tower, the penthouse offers breathtaking 360-degree panoramic views and an incredibly chic interior to complement the top-notch amenities and the brand’s famous full-service VIP concierge. The company, which currently has 20 listings in total, is also expected to unveil several villa rentals in other high-end locations in Dubai, including beachfront properties in Palm Jumeirah and a grand mansion in Emirates Hills. Luxury Explorers’ Collection recently made headlines when one of its prized Palm Jumeirah villas secured a record-breaking AED 3.88 million rental contract.
To this, Sultan pointed out that the company is constantly coming up with innovations to enable them to provide customers with tailor-made concierge service for a truly memorable vacation experience. “We are always on the lookout for new offerings that can help improve the amenities we can offer our customers. Our mission is to provide our guests with more than a five star hotel experience – from personal chefs to private butler and staff to the ultimate in amenities to the strictest health and safety protocols – essentially all the exclusive perks you would have. could hope, things that are not readily available in hotels, ”he added.
The ability of industry players to adapt and reinvent themselves is essential amid positive projections for the sector. “We have witnessed an inspiring commitment and strength, especially from the government of the United Arab Emirates, to help businesses recover and thrive in the current economic climate. It is therefore entirely appropriate that companies do their utmost to ultimately transform the sector, taking proactive measures to ensure sustained growth in travel and tourism, ”Sultan concluded.